Economy News

New Delhi: Finance Minister Nirmala Sitharaman During The 52nd Goods And Services Tax (GST) Council Meeting

GST Council scraps tax on millet flour; 2023 declared as 'Year of the Millet'

In the year of the millet, the GST Council on Saturday exempted millet flour from GST.

Oct 7, 2023

India joins hands with Japan to launch $600 million fund for sustainable projects

JBIC will contribute 51 percent of the $600 million, while India will contribute the remaining amount

Oct 4, 2023

RBI slaps fines on 3 banks in Gujarat for breach of rules

The Reserve Bank of India (RBI) has imposed monetary penalties on three cooperative banks in Gujarat for breach of rules after carrying out statutory inspections of their records.

Oct 4, 2023

Union Finance Minister Nirmala Sitharaman

World Bank maintains India's financial growth for 2023 at 6.3%, says country growing rapidly

The World Bank report revealed that adverse weather conditions have contributed to a spike in inflation in recent months in India

Oct 3, 2023

India needs to scale up solar energy capacity to meet its renewable goals, report says

India has committed to a goal of 500 GW renewable energy capacity by 2030 and is steadily bolstering its solar and wind power generation abilities

Oct 3, 2023

India's factory activity remains solid in September, business confidence at highest level: PMI report

India has been achieving financial growth and maintaining a steady business atmosphere when the world is facing global economic headwinds

Oct 3, 2023

Global economy taking a turn for worse, caution ahead: Zoho's Sridhar Vembu

Sridhar Vembu, Co-founder and CEO of software-as-a-service (SaaS) company Zoho, warned on Monday that the global economy is likely taking a turn for the worse, urging companies to exercise caution.

Oct 2, 2023

Interest rate for 5-year recurring deposit hiked to 6.7 %, rates for other key schemes kept unchanged

The government has kept interest rates of all key small savings schemes unchanged for the October-December period, except for the five-year recurring deposit, which has been hiked from 6.5 per cent to 6.7 per cent.

Sep 30, 2023

RBI to maintain rates, real estate sector to be disappointed

Only an unforeseen and sustained increase in inflation may compel the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) to revise upwards the repo rate, said the Chief Economist at Anand Rathi Shares and Stock Brokers.

Sep 29, 2023

Bank employees to strike work for 13 days between Dec 4 – Jan 20

The largest workers' union in the banking sector, the All India Bank Employees' Association, has called for a series of strikes across the nation between December 4 and January 20, 2024 demanding staff recruitment.

Sep 27, 2023

Happy Home: Govt likely to offer interest subsidy on loans to small home buyers

The Finance Ministry is considering a proposal to allocate Rs 60,000 crore for making subsidised loans available to buyers of small homes in cities over the next five years, a senior official said.

Sep 26, 2023

I-T Dept urges taxpayers with previous arrears to have them adjusted in refund claims

The Income Tax (I-T) Department is providing an opportunity to taxpayers who have previous outstanding demands of payments against them, to have these reconciled so that refunds in their cases, if any, can be issued.

Sep 23, 2023

India's CEA rebuts economist Ashoka Mody's claims; points out hypocrisy [details]

In response to economist Ashoka Mody's claims in "India's fake growth story" article, India's Chief Economic Advisor V. Anantha Nageswaran has issued a detailed response, asserting that the government's method for calculating GDP has remained consistent over time.

Sep 8, 2023

Corning Unveils New Gorilla Glass With Improved Drop Performance

Telangana to get India's first Gorilla Glass manufacturing facility

American multinational technology company Corning Inc has chosen Telangana to set up their Gorilla Glass manufacturing facility, a first of its kind investment in India, the state government said on Friday.

Sep 2, 2023

Deposit or exchange the Rs 2,000 banknotes held with them by Sep 30, 2023

2,000 denomination notes worth Rs 3.32 lakh crore received back till Aug 31; Deposit or exchange by Sep 30

Bank notes of 2,000 denomination worth Rs 3.32 lakh crore have been received back by banks till August 31, according to data collated by the Reserve Bank of India (RBI).

Sep 2, 2023

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Economy News

GST Council scraps tax on millet flour; 2023 declared as 'Year of the Millet'

India joins hands with Japan to launch $600 million fund for sustainable projects

RBI slaps fines on 3 banks in Gujarat for breach of rules

World Bank maintains India's financial growth for 2023 at 6.3%, says country growing rapidly

India needs to scale up solar energy capacity to meet its renewable goals, report says

India's factory activity remains solid in September, business confidence at highest level: PMI report

Global economy taking a turn for worse, caution ahead: Zoho's Sridhar Vembu

Interest rate for 5-year recurring deposit hiked to 6.7 %, rates for other key schemes kept unchanged

RBI to maintain rates, real estate sector to be disappointed

Bank employees to strike work for 13 days between Dec 4 – Jan 20

Happy Home: Govt likely to offer interest subsidy on loans to small home buyers

I-T Dept urges taxpayers with previous arrears to have them adjusted in refund claims

India's CEA rebuts economist Ashoka Mody's claims; points out hypocrisy [details]

Telangana to get India's first Gorilla Glass manufacturing facility

2,000 denomination notes worth Rs 3.32 lakh crore received back till Aug 31; Deposit or exchange by Sep 30

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react